Denham Capital to sell JDS Silver to Coeur Mining for $250 mln
U.S. natural resources private equity firm Denham Capital has agreed to sell its interest in JDS Silver Holdings Ltd, including the company's high-grade silver-lead-zinc Silvertip mine, to Coeur Mining Inc (NYSE: CDE). The deal is valued at as much as US$250 million and is expected to wrap up in October. Denham a year ago invested US$65 million in JDS Silver to help the Vancouver-based company construct and bring into production the Silvertip mine, which is located in northern British Columbia. The deal was Denham's first in the Canadian mining industry. Coeur Mining is a Chicago-based precious metals producer.
11 September 2017•3 mins read
